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DoubleDown or Discard: What's your bet on casino gaming DDI's IPO?
DoubleDown Interactive, a South Korea-based company, places for listing and trading on Tuesday, Aug 31, planing to raise US$120 million at a Show More
DoubleDown Interactive, a South Korea-based company, places for listing and trading on Tuesday, Aug 31, planing to raise US$120 million at a price range of $18 to $20.
Founded in 2008 and booked $373 million in 12-month revenue, DoubleDown Interactive is a gaming company that makes casino apps for mobile&desktop players. As the company's flagship app, DoubleDown Casino entertains over 1 million players every day with a wide variety of real Vegas slots and fun originals.
According to analysts Donovan Jones, B. Riley Securities is the sole underwriter, and IPOs led by the firm over the last 12-month period have generated an average return of 2.8% since their IPO.
Will DDI heat up this IPO season? What's your thought on casino apps? What's your target price for DDI?

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